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City / Town Overview

Elgin, IL

Aggregate real estate market report across all ZIPs in scope
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Elgin, IL real estate market currently shows 284 active listings, with 127 pending sales. Homes are averaging 28.2 days on the market before going under contract.

Inventory has tightened compared to last year, with 33 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 28.2 days on market compared to 31.5 days last year.

The median listing price has risen 0.2% year-over-year, from $414,563 to $415,586.

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Market Context

Market Context

Population: 124,298  ·  Density: 1,049.5/mi²  ·  Median household income: $91,422

Typical home value: $250,508  ·  Homeownership: 73.2%

Included Areas

Fieldstone: 60120

Elgin: 60121

Maple Manor: 60123

Russinwood: 60124

Area Map

Market Overview

Active Listings
284
⇩ 10.4% vs 317 last year
Pending
127
45% pending ratio
Median Price
$415,586
⇧ 0.2% vs $414,563 last year
Average Price
$432,139
⇧ 2.3% vs $422,403 last year
Days on Market
28.2
⇩ 10.5% vs 32 days last year

Price Per Square Foot

Median $/sqft
$200
⇩ 1.3% vs $202/sqft last year
Median Home Size
1,883 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %